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N-Hance

2012 Franchise 500
#175
At a Glance

Products & Services: Wood floor & cabinet renewal systems

Number of Locations: 203

Total Investment: $35.6K - 118.45K

Founded: 2001

Began Franchising: 2003

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 192 11 0 0
2010 192 5 0 0
2009 161 1 0 0
2008 147 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $35,600 - $118,450
Franchise Fee: $27,000 - $44,500
Ongoing Royalty Fee: $220-660/mo.
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $15,000
Liquid Cash Available: $15,000
Operations
Franchise can be run from home. 50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: As needed.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet,
Marketing Support: Ad slicks,

Franchise Ranking History

Franchise 500®: #175 (2012), #150 (2011), #227 (2010), #269 (2009), #225 (2008),
Fastest-Growing: #60 (2011),
Low-Cost: #26 (2012), #30 (2011), #54 (2010), #58 (2009), #47 (2008),
Top New: #10 (2008),
Top Homebased: #38 (2012), #42 (2011), #64 (2010), #71 (2009), #54 (2008),
America's Top Global: #139 (2012), #121 (2011), #172 (2010),

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